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Listing ID: 1249618

Fabulous Deal - Motel in Florida For Sale

Venice, Sarasota, Florida, United States

BUSINESS SOLD

(Furniture / Fixtures included)
(Real Estate Included)

Revenue: $ 100k to 250k

Cash Flow: $ 0 to 100k

Business Description

Renovated motel immaculately clean with good reputation near Gulf of Mexico in Venice Florida for sale.
Owner health is the reason for sale. He will be retiring and selling his businesses. Motel is only partly open for 3 months in a year. Needs whole year around to be open and longer hours.

Property Details

Years Established:

1952

Property Type:

Real

Other Details

Business Location:

Off the South Bridge of Venice Island hwy 41

Premise Details:

U shape motel from 50's in the middle beautiful pool, 19 rooms plus decent size manager apartment. Extensive renovation done on all property. New roof, septics, water system, air-conditioners, heaters, furniture and more. Pool relining, pooldeck also newly finished. Completely fenced property.

Competition:

Island Breeze, Roadway Inn, Island Sun INN

Expansion Potential:

To buy lot next to us and build 2 stories

Living Accommodation?

Yes
Large livingroom, bedroom nice large shower and extra entry room, patio and residential lot

Operation Details

Employees:

5

Trading Hours:

8 to 8

Support & Training:

2 weeks

Miscellaneous

Financing Available:

Yes
first on the loan after paying out our mortgage

Reason For Selling:

Owner is ill after 2 serious surgeries and in the retirement age. He bought motel in 2010 ,motel was fully renovated and is ready to be run by dedicated individual. Renovation done by tender loving care.

Related Businesses for Sale

BusinessForSale.com

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